Recovery of Investment Losses in Vista Drilling Program 2013-2 LP
Have you suffered investment losses in Vista Drilling Program 2013-2 LP? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
Vista Resources, Inc., is an independent oil and natural gas company headquartered in Pittsburgh, Pennsylvania. Vista has entered into strategic alliances with various industry and joint venture partners on oil and natural gas drilling programs, acquisitions and pipeline projects throughout the Appalachian Basin and the Rockies. The company and its subsidiaries are engaged in oil and natural gas exploration, development, production and marketing.
The company sponsors drilling programs such as Vista Drilling Program 2013-2 LP, to raise money.
The Trouble with Private Placements under Reg D
The trouble with alternative investment products, like Vista Drilling Program 2013-2 LP, is that they involve a high degree of risk and are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.
The White Law Group is investigating the liability that brokerage firms may have for improperly selling private placements like Vista Drilling Program 2013-2 LP.
Broker dealers that sell alternative investments are required to perform adequate due diligence on all investment recommendations to ensure that each investment recommendation that is made is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
However, another problem with Reg D private placements is that the high sales commissions and due diligence fees the brokers earn for selling such products sometimes can provide brokers with an enormous incentive to push the product to unsuspecting investors who do not fully understand the risks of these types of investments or to outright misrepresent the basic features of the products – usually focusing on the income potential and tax benefits while downplaying the risks.
Specifically, The White Law Group is investigating the following Vista Resources Drilling Program offerings:
Vista Drilling Program 2007-1 L P
Vista Drilling Program 2007-2 LP
Vista Drilling Program 2008-1 LP
Vista Drilling Program 2008-2 LP
Vista Drilling Program 2009-1 Limited Partnership
Vista Drilling Program 2010-1 Limited Partnership
Vista Drilling Program 2010-2 Limited Partnership
Vista Drilling Program 2011-1 Limited Partnership
Vista Drilling Program 2011-2 Limited Partnership
Vista Drilling Program 2012 Limited Partnership
Vista Drilling Program 2013-1 Limited Partnership
Vista Drilling Program 2013-2 Limited Partnership
Vista Drilling Program 2014 Limited Partnership
Fortunately, FINRA does provide for an arbitration forum for investors to resolve such disputes and if a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim.
You may be able to recover investment losses incurred as a result of your purchase of Vista Drilling Program 2013-2 LP. Please contact The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. The firm represents investors throughout the country in claims against their brokerage firm.
For more information on the firm and its representation of investors, visit www.WhiteSecuritiesLaw.com.